Morningstar raises fair value estimate on Australia's Cleanaway Waste Management

** Analysts at Morningstar raise fair value estimate on Australia's Cleanaway Waste Management CWY by 4% to A$2.40 per share

** Australia's competition regulator last week said it did not oppose the waste management co's acquisition of Contract Resources Group

** Acquisition strengthens Cleanaway's offering in the waste-handling industry - Morningstar

** Nine of 10 analysts rate the stock "buy" or higher, one "hold"; their median PT is A$3.19, as per data compiled by LSEG

** Stock has risen 6.4% this year, as of last close